Pakistan's major stock market is to remove its index "floor" on October 27, two months after imposing the mechanism to halt losses amid the global financial crisis, the bourse announced. The Karachi Stock Exchange imposed the bottom limit on the benchmark KSE-100 index at closing prices on August 27 after the market shed 40 percent from its peak in April. Market analysts said the emergency restrictions had produced mixed results."We have a foreign holding of 2.5 billion dollars in the market, which could not be sold since August 27, which is a positive thing," Ahsan Mehnati said. "But the negative side is that in future foreign investors will be shy to invest here as they showed concern when the floor was applied." Some analysts fear a sharp drop in the index when it is freed up as foreigners sell their shares. But the watchdog Securities and Exchange Commission of Pakistan said the floor mechanism had provided necessary "breathing space." The market, which was level at 9,184 on Wednesday, has been at a virtual halt since the limit was introduced.